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Gold/Mining/Energy : Big Dog's Boom Boom Room
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From: isopatch1/20/2016 12:05:16 PM
2 Recommendations

Recommended By
downandout
roguedolphin

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Having said that...) Gold may be closer to a bottom than oil. Looks like it's trying to put in, at least, a trading bottom in it's recent trading range.

The fundamental reason? The idea is spreading that the markets and the weakening U.S. and global economy will forced the FED to cave! How bout this for a contrarian thought? Leave the interest rate hike in place but launch another mega tsunami of QE!

FWIW, this is nothing more than my guess. No crystal ball. AND...

Karnak isn't returning my phone calls.

Gold charts below. Draw your own conclusions. They're the only ones that matter.

Isopatch




(Thanks to SI member, and good friend <roguedolphin> for referring me to barchart. com website for longer term charts)
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